13:34 Oct 7, 2020 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Securities / Brokerage | |||||
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| Selected response from: Francois Boye United States Local time: 22:20 | ||||
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4 | current account settlement |
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3 | settlement account |
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2 | (BrE) Current (AmE) Checking Account for Close-Down |
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settlement account Explanation: A settlement account is an account through which a financial entity can perform any financial operations such as the transfer of funds from the account, receiving funds to the account and servicing credits. https://www.bancaintesa.ru/en/businesses/current-account/#:~:text=A%20settlement%20account%20is%20an,the%20account%20and%20servicing%20credi |
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current account settlement Explanation: What Is an Account Settlement? An account settlement generally refers to the payment of an outstanding balance that brings the account balance to zero. It can also refer to the completion of an offset process between two or more parties in an agreement, whether a positive balance remains in any of the accounts. In a legal agreement, an account settlement results in the conclusion of a business dispute over money. |
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(BrE) Current (AmE) Checking Account for Close-Down Explanation: - so *taking of accounts* and settlement of any balances and charges due. Example sentence(s):
Reference: http://www.proz.com/kudoz/spanish-to-english/law-general/384... |
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